Newcastle Building Society
Operational Risk Specialist
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About the role
As an Operational Risk Specialist, you'll play a key role in helping us maintain a strong and effective operational risk framework across the business. Working as part of our Operational Risk team, you'll partner closely with stakeholders to provide expert guidance, oversight, and constructive challenge, helping them understand and manage operational risks effectively.
You'll support the development of a strong risk culture, promote accountability and ownership, and contribute to the ongoing enhancement of our risk management practices and systems.
About You
We're looking for someone with a solid understanding of Operational Risk Management within a regulated financial services environment. You'll have experience of operational risk methodologies such as RCSA, risk event management, and scenario analysis, alongside the confidence to engage and challenge stakeholders at all levels.
You'll be a strong communicator with excellent attention to detail, commercial awareness, and the ability to build effective working relationships across the business. If you're proactive, organised, and passionate about helping businesses identify, manage, and mitigate risk, we'd love to hear from you.
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About us
The Newcastle Building Society Group comprises of Newcastle Building Society, Manchester Building Society, Newcastle Financial Advisers, and Newcastle Strategic Solutions. Our purpose, connecting our communities with a better financial future, inspires and directs our activities.
As an inclusive employer and member-owned mutual, we aim to reflect the diverse communities we serve and encourage applications from candidates of all backgrounds. We believe everyone should feel valued, respected, and celebrated for who they are, we want colleagues to feel this is a place they belong. A place to be you.
What do you get in return?
As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:
Financial
- Corporate bonus scheme (on target 10%, up to a maximum 15%)
- Pension scheme (up to 9% employer contribution)
- Annual performance-related pay reviews
- Colleague mortgage scheme
- Electric car salary sacrifice scheme
- Life assurance (4x salary) and income protection
- Access to our financial advisers
- Access to a range of high street and online discounts
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Work/Life Balance
- A 35-hour weekly contract - We are happy to talk flexible working and welcome discussions
- 30 days’ annual leave + bank holidays
- The option to buy and sell up to 5 days’ holiday
- Hybrid working (typically 3 days’ home-based)
- Above statutory family leave entitlement - 3 months full pay, 3 months half pay, regardless of gender or route to parenthood
Health and Wellbeing
- Private medical insurance
- Access to a health cash plan through a Medicash scheme
- Access to an employee assistance programme
- Free onsite gym at our Cobalt head office and access to discounted gyms
- Two paid volunteering days each year
- Cycle to work scheme
Recognising there’s no one-size-fits-all approach to recruitment, we’re committed to ensuring every candidate has the opportunity to showcase their full potential throughout the recruitment process. We strive to make our processes as accessible as possible, if there are any ways in which we can provide support or make adjustments, we would love to discuss this with you. You can contact your Recruiter for this vacancy at kate.wilkinson@newcastle.co.uk
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